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An insider acquisition at the Downtown luxury condo and hotel development St. Regis Chicago was the priciest residential sale in Chicago this week. However, most of the top sales from this week were closed in Lincoln Park, with a $3.3 million sale on Clifton Avenue topping the list for transactions in the neighborhood.
1.) 363 East Wacker Drive, Unit 6706 – $7.5 million
Property type: Condo
Magellan Development founder and former CEO Joel Carlins and his wife Susan bought a unit at the St. Regis Chicago, his firm’s Downtown luxury residential and hotel development. The Carlins paid $7.5 million for Unit 6706, a four-bedroom, five-and-a-half-bath home. The 5,133-square foot unit was first listed for $7.7 million on April 21, 2017. The home didn’t last long on the market, with the Carlins signing a contract for the property on the same day, according to a listing from Compass.
The 101-story tower, with the address of 363 East Wacker Drive, is the third-tallest building in the city. Previously known as the Vista Tower, the 1.9 million-square-foot property is divided into a 191-key hotel at the bottom eleven floors and a residential portion with 393 units. The residential portion of the building, called the Residences at St. Regis Chicago, opened earlier this year.
Carlins is not the only one to close an insider purchase at the property. His son David, the current CEO of Magellan, bought Unit 6806 for $6.5 million.
2.) 2137 North Clifton Avenue – $3.3 million
Property type: Single-family home
Gregory Bates, the CEO of Atlanta-based real estate firm GID, sold his Lincoln Park home to an unidentified buyer. The 5,200-square-foot property, at 2137 North Clifton Avenue, is a new construction six-bed, six-bath home. It was listed on and off starting in December of 2020 with an asking price of $3.39 million. The home went into contract on September 9, according to a listing from Compass.
3.) 1851 North Dayton Street – $3.3 million
Property type: Single-family home
Stuart Buck, an executive at financial services firm Stifel, sold a Lincoln Park mansion for $3.28 million. Buck, along with his wife Karen, first listed 1851 North Dayton Street, a five-bedroom, five-and-a-half-bath home on October 5 with an asking price of $3.4 million. The property was quickly taken off the market, with a deal being signed two days later, according to a listing from Redfin.
The Bucks bought the property in December of 2018 for $1.6 million. The buyers are Christopher and Jean Smith.
4.) 2550 North Lakeview Avenue, Unit S18-01 – $2.62 million
Property type: Condo
Brooke Stayer-Wagner, the daughter of the owner of food manufacturer Johnsonville Sausage, sold a unit at the Lincoln Park 2550. The home, Unit S18-01, was first listed in September of 2019 with an asking price of $3.15 million, according to a listing from Zillow. The price was then reduced to $2.99 million before the home was listed as a $11,500-per-month rental. The home went into contract last September. The buyers are Timothy Miller and Dawn Zacha.
5.) 1034 West Altgeldt Street – $2.3 million
Property type: Single-family home
Danijel Medic, an executive at financial derivatives exchange CME Group, bought a Lincoln Park home for $2.3 million. Medic and wife Lindsay Clark acquired 1034 West Altgeldt Street, a five-bedroom, four-and-a-half-bath home near DePaul University. The 5,000-square-foot home was listed last June for $2.4 million, according to a listing from Redfin. It went under contract in July. The seller is Jeffrey D. Izenman of asset management firm Sterling Partners.